Property Overview
This 1960s-era, one-storey home in Winnipeg's Burrows Central neighbourhood presents a straightforward, value-oriented opportunity. Its key appeal lies in the combination of a very large, 2,999 sqft lot and a modest, 656 sqft living footprint. This creates a clear potential for expansion or outdoor use that is rare for the price point. With a detached garage and an unfinished basement, it offers functional basics with room for customization.
The property suits practical buyers looking for a land-value proposition—investors, first-time owners comfortable with a renovation project, or those prioritizing private outdoor space over a large existing house. It’s notably older and smaller than most in the immediate area, which is reflected in its pricing. A thoughtful perspective is that while the home itself is simple, its lot size ranks in the top 11% city-wide, suggesting its long-term value may be more tied to the land than the current structure.
Frequently Asked Questions
1. What is the true draw of this property?
The primary draw is the land. The lot is significantly larger than average for Winnipeg and offers clear potential for future expansion, a substantial garden, or other outdoor uses, which is uncommon in this price range.
2. What should I expect regarding the condition?
The data indicates an unfinished basement and a home built in 1960. Buyers should budget for modernizing updates and potentially significant renovations, as the living area is notably compact.
3. How does it compare to nearby homes?
It is older and has less living space than most comparable homes on the same street and in Burrows Central. However, its assessed value is higher than over 90% of neighbourhood properties, likely due to its substantial lot size.
4. Who would this property not suit?
It would not suit buyers seeking a move-in-ready home, those needing substantial living space immediately, or anyone averse to taking on a project. The current layout is best for individuals, couples, or small families with renovation plans.
5. Is the assessed value a reliable guide for the price?
The $270k assessment is a strong data point, ranking higher than most of Winnipeg. It likely reflects the valuable lot. However, the final price will depend on market conditions, the home's exact state, and a buyer's vision for the property's potential.